Bitcoin remains stuck inside a tight range, but the price charts suggest a possible breakout to the upside, and altcoins are expected to follow.
. CZ added that BlackRock’s foray into cryptocurrencies will be “hugely beneficial” for the industry.BlackRock CEO Larry Fink made positive comments about Bitcoin while speaking in an interview with Fox Business on July 5.
If that happens, the pair could start an upward march to $40,000. The bears will attempt to stall the up move at $32,400, but the buyers are expected to bulldoze their way through. Conversely, if the price turns down and breaks below the 20-day EMA, it will suggest that bears have the upper hand. The pair may then dump to the 50-day simple moving average of $27,971.
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